MARKET PULSE-Rocket Fuel, Ubiquiti, Stratasys, Gap, Omnicom, Apple

Fri May 9, 2014 8:32am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures edged lower on Friday putting the S&P 500 on track to closing a week of choppy trading with a slight decline, while the Nasdaq is on pace for its worst weekly decline in four. Dow Jones industrial average futures were down 0.21 percent at 16,476, S&P 500 futures were down 0.18 percent at 1,868.9 and Nasdaq 100 futures were down 0.41 percent at 3,523.

** OMNICOM GROUP INC, Thursday close $66.2, -2.30 pct premarket

The proposed $35 billion merger between U.S.-based Omnicom and France's Publicis Groupe SA has been called off as the obstacles to moulding the two rivals into the world's largest advertising agency proved too much.

** APPLE INC, Thursday close $587.99, -0.64 pct premarket

** PANDORA MEDIA INC, Thursday close $22.2, -2.93 pct premarket

Apple is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear that would mark a departure for the usually cash-conservative iPhone maker.

Shares of Pandora Media, an online streaming service, fell on the news.   Continued...